A Critical Analysis of the Protection of Stakeholders’ Interests under the South African Companies Act: (Part 1)

Abstract

Traditional company law enabled companies to embark on the 'shareholder value oriented approach,' the main focus being on the owners of equity.

Environmental, social and governance disclosure, integrated reporting, and the accuracy of analyst forecasts

“…In complementary work, Zhou, Simnett and Green (forthcoming) study the degree of integration of the financial reports of South African firms and its effect on analyst forecast accuracy. Using a sample of South African firm-years from 2009 to 2012, they first develop a measure which captures the extent to which the firms' reports are integrated in line with the 5 See, for example, Angelopoulos, Parnell and Scott (2013) and Muswaka (2013) for discussions of this possibility.…”